Trust companies can set up remote branches based on their needs, but management headquarters must be in their registered domicile.
April 1, 2023About 20 depositaries and 300 individuals will require licensing under RA 13, the new regulated activity for depositories of collective investment schemes.
February 6, 2023Trust companies will have to divide their businesses into specific categories and ensure those businesses stay within the boundaries of their classifications.
January 6, 2023The new measures are being hailed as a "turning point" for the property sector, which accounts for a quarter of China's economy.
November 15, 2022New Times Trust, a unit of Tomorrow Group, was fined CNY 7 million. Nine former executives were warned, fined or otherwise penalised with lifetime bans.
August 19, 2022The Enablers Act would require financial advisers, lawyers, art and antiquities traders to perform due diligence on their clients and file SARs.
July 5, 2022Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.
June 6, 2022The rules set out requirements for 'guarantee funds' and 'liquidity mutual aid funds' to help the trust industry manage risk.
February 18, 2022The CBIRC says it actively supports direct and indirect financing of tech enterprises, on the premise of "controllable risks and compliance with laws and regulations".
December 22, 2021BNM is using technology to improve its risk-based supervision, intelligence analysis, data science techniques and off-site surveillance.
December 6, 2021